Singapore (SGP) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Singapore-Denmark Trade: In 2023, Singapore exported $888M to Denmark. The main products that Singapore exported to Denmark were Passenger and Cargo Ships ($817M), Office Machine Parts ($4.38M), and Aircraft parts (gliders, balloons, and powered aircraft) ($4.33M). Over the past 5 years the exports of Singapore to Denmark have increased at an annualized rate of 12.8%, from $486M in 2018 to $888M in 2023.

In 2023, Singapore did not export any services to Denmark.

Denmark-Singapore Trade: In 2023, Denmark exported $944M to Singapore. The main products that Denmark exported to Singapore were Coal Tar Oil ($294M), Refined Petroleum ($138M), and Passenger and Cargo Ships ($63.2M). Over the past 5 years the exports of Denmark to Singapore have increased at an annualized rate of 13.3%, from $505M in 2018 to $944M in 2023.

In 2020, Denmark exported services to Singapore worth $2.93B, with Transportation ($2.56B), Other business services ($270M), and Computer and information services ($28.2M) being the largest in terms of value.

Comparison: In 2023, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Singapore exported $888M to Denmark. The main products exported from Singapore to Denmark were Passenger and Cargo Ships ($817M), Office Machine Parts ($4.38M), and Aircraft parts (gliders, balloons, and powered aircraft) ($4.33M). During the last 5 years the exports of Singapore to Denmark have increased at an annualized rate of 12.8%, from $486M in 2018 to $888M in 2023.

In 2018, Denmark exported $944M to Singapore. The main products exported from Denmark to Singapore were Coal Tar Oil ($294M), Refined Petroleum ($138M), and Passenger and Cargo Ships ($63.2M). During the last 5 years the exports of Denmark to Singapore have increased at an annualized rate of 13.3%, from $505M in 2023 to $944M in 2018.

Exports from Singapore () to Denmark () (2023)

Exports from Denmark () to Singapore () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$44.5B

Denmark
Top DestinationGermany$14.8B

This map shows whether countries import more from Singapore or Denmark. Each country is colored based on the difference in imports they receive from Singapore and Denmark or the difference in the growth in imports.

In 2023, countries that imported more from Singapore than Denmark included Hong Kong ($44.5B), Malaysia ($31.4B), and China ($36.7B).

In 2023, countries that imported more from Denmark than Singapore included Sweden ($11.2B), Germany ($14.8B), and Poland ($4.6B).

Difference in imports from Denmark () and Singapore () (2023)

Comparative Advantage Singapore - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Singapore and Denmark by product, considering products traded by both, Singapore and Denmark.

During 2023, Singapore had a large net trade with Denmark in the exports of Transportation ($823M), Machines ($42.2M), and Instruments ($7.66M).

During 2018, Denmark had a large net trade with Singapore in the exports of Mineral Products ($433M), Machines ($141M), and Chemical Products ($83M).

Bilateral Service Trade

Dnk Year

In 2020, Denmark exported services to Singapore worth $2.93B, with Transportation ($2.56B), Other business services ($270M), and Computer and information services ($28.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark () to Singapore () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Singapore and Denmark. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Singapore.

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Denmark () (2023)

Exports from Denmark () to Singapore () (2023)

Market Competitiveness

Difference in imports from Denmark () and Singapore () (2023)

Comparative Advantage Singapore - Denmark

Bilateral Service Trade

Services Exports from Denmark () to Singapore () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Singapore () and Denmark () (2023)

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